Measurement of economic values after adjustments have been made for changes in the average of prices between years in known as
A. a deflator.
B. real values.
C. nominal values.
D. the price index.
Answer: B
Economics
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The typical shape of an isoquant is
A) linear and upward sloping. B) convex towards the origin. C) concave towards the origin. D) linear and downward sloping.
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Until the 1980s, most of the national debt was
a. owned by foreigners. b. acquired either during wars, especially World War II, or during recessions. c. owned by banks. d. financed by printing money.
Economics